The Motley Fool

DECEMBER 1, 2024

It holds Warren Buffett-led Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) , as well as top Buffett stocks Coca-Cola , Bank of America , and Chevron. of the fund, whereas Buffett's top five holdings -- Apple , American Express , Bank of America, Coca-Cola, and Chevron, make up 65.6% Image source: Getty Images.

Banks 246

Banks Exchange-Traded Funds Investing Public Companies 246

The Motley Fool

OCTOBER 13, 2024

New York Community Bancorp (NYSE: NYCB) is one bank welcoming those rate cuts. The bank has faced significant struggles this year, stemming from its huge write-offs in the fourth quarter last year followed by a big shakeup in its top management team. Banks with heavy commercial real estate exposure have faced headwinds.

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Banks Capital Prospects Portfolios 246

The Motley Fool

OCTOBER 20, 2024

The firm's latest shedding of Bank of America stock brings the total sold to nearly $10 billion in just a few months -- almost a quarter of its original stake. After the last sale of almost 10 million shares, Berkshire now owns just shy of 10% of the bank and no longer has to report transactions in a timely manner. central investments?

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Securities and Exchange Commission (SEC) Banks Shareholders Stakes 245

The Motley Fool

OCTOBER 20, 2024

It's not hard to find a bank that will pay you an interest rate, just like it's not hard to find a restaurant that serves steak. But many banks pay you a meager interest rate while something much better is offered elsewhere. It's usually best to choose an online bank to get the highest rate. We've done the research for you.

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Accounting Banks Investment Horizon Taxes 245

The Motley Fool

OCTOBER 13, 2024

Online banks have great features It's 2024, and banking has gone digital. With a few exceptions (which I'll discuss below), you no longer have to opt for a bank that has branches in your neighborhood -- you can choose one that exists fully on the internet and enjoy a wide range of perks and benefits. What does this mean for you?

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Financing Finance Banks Exchange-Traded Funds 246

The Motley Fool

DECEMBER 15, 2024

Nu Holdings (NYSE: NU) is the parent company of Nu Bank, a digital bank taking Latin America by storm. Starting in Brazil, the bank and financial services platform has disrupted the stodgy legacy institutions and is now closing in on 100 million active customers. Where will Nu Holdings stock land in 10 years?

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Banks Financial Services Leveraging Financing 245

The Motley Fool

DECEMBER 13, 2024

Carey (NYSE: WPC) and Canadian financial giant Toronto-Dominion Bank (NYSE: TD). Toronto-Dominion Bank is going to lag behind for a bit Toronto-Dominion's shareholders have also had a tough go of it lately thanks to a case of money laundering in its U.S. business from growing until TD Bank has assuaged regulator concerns.

Banks 245

Banks Assets Shareholders Portfolios 245

The Motley Fool

OCTOBER 10, 2024

The federal funds rate doesn't directly influence consumer products, but banks often use it as a benchmark when setting certificate of deposit (CD) and savings account interest rates. The Fed rate cut could affect credit card interest rates The federal funds rate is the interest rate that banks charge one another to borrow money overnight.

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Banks Debt Accounting Funds 246

The Motley Fool

OCTOBER 13, 2024

Berkshire sells nearly $10 billion in Bank of America stock The company in question, Bank of America , has been a key part of Berkshire's portfolio since Buffett helped prop up the bank in the wake of the financial crisis. Despite the state of the bank at the time, Buffett had faith. Better opportunities exist.

Banks 246

Banks Education Shareholders Stakes 246

The Motley Fool

DECEMBER 4, 2024

After being largely ignored by the market for several years, at least in terms of the stock price, SoFi 's (NASDAQ: SOFI) stock performance is finally starting to reflect the bank's excellent growth momentum and future potential. However, if the bank keeps doing what it's doing, it could easily double in size, or more, in the next few years.

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Banks Accounting Financial Services Capital 241

The Motley Fool

NOVEMBER 1, 2024

The financial services industry is incredibly crowded, and it makes sense that smaller players simply don't have adequate distribution resources to compete with the likes of incumbents such as Wells Fargo , Bank of America , or JPMorgan Chase. SoFi, for its part, has joined its cohorts above and is emerging as a star in digital banking.

Banks 246

Banks Exchange-Traded Funds Financial Services Portfolios 246

The Motley Fool

NOVEMBER 24, 2024

SoFi doesn't fit neatly into a particular box; it's a bank, but not quite a bank stock. In some ways, it almost defines the fintech category , but it defies conventional labeling because its banking business provides a lot more stability than the classic fintech. It's a tech-driven company, but a lot more.

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Initial Public Offering Banks Financial Services Accounting 243

The Motley Fool

DECEMBER 4, 2024

Meteoric rise The financial sector had a rocky 2023, driven by the March 2023 banking crisis that saw some small to midsize banks fail and pressure the entire sector. The following table shows the P/E ratios of top payment processors and investment banks -- which are all top 10 holdings in the Vanguard Financials ETF.

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Mergers and Acquisitions Banks Investment Banking Investment Banks 245

The Motley Fool

OCTOBER 28, 2024

Bank of America: $32.7 of invested assets) Money-center goliath Bank of America (NYSE: BAC) had, until recently, been Berkshire Hathaway's No. One factor Bank of America undeniably has working in its favor, much like AmEx, is time. No money-center bank is more sensitive to changes in interest rates than BofA.

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Portfolios Investing Banks Exchange-Traded Funds 246

The Motley Fool

OCTOBER 9, 2024

Bank of America: $31.9 of invested assets) Another top holding that Warren Buffett has been selling with regularity of late is Bank of America (NYSE: BAC). The beautiful thing about bank stocks is their strong cyclical ties. These lengthy periods of growth allow bank stocks like BofA to prudently grow their loan portfolios.

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Portfolios Investing Banks Assets 246

The Motley Fool

OCTOBER 27, 2024

Bank of America Finally, add Bank of America (NYSE: BAC) to your list of Buffett stocks to buy with $1,000 right now. Plenty of investors have been interpreting these sales as a sign of impending trouble for the bank. Sure, like most other banks , this one's grappling with waning loan demand and rising loan defaults.

Banks 246

Banks Stakes Shareholders Taxes 246

The Motley Fool

OCTOBER 27, 2024

Charge-offs have risen across the banking sector over the past couple of years, which many attribute to normalizing conditions rather than systemic weakness across the consumer. Since acquiring the bank, its total deposits have grown to nearly $23 billion, thanks to its high-yielding savings accounts offering an annual yield of up to 4.5%.

Banks 246

Banks Debt Prospects Returns 246

The Motley Fool

NOVEMBER 21, 2024

Bank of America You know the company. Bank of America (NYSE: BAC) is, of course, one of the nation's biggest banks, boasting nearly $2.6 For instance, BofA found itself in some serious trouble thanks to 2007's subprime mortgage meltdown and subsequent banking crisis. Carey While Bank of America is a household name, W.

Banks 244

Banks Taxes Shareholders Assets 244

The Motley Fool

DECEMBER 12, 2024

Shares of the member-centric consumer bank SoFi Technologies (NASDAQ: SOFI) have been soaring. Investment-bank analysts aren't convinced the underlying business has grown fast enough to support its lofty new valuation. billion market cap at recent prices is more than four times the bank's tangible book value. Why the downgrade?

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Banks Financial Institutions Investment Banking Investment Banks 241

The Motley Fool

DECEMBER 13, 2024

Specifically, he loves bank stocks, because they're cash-rich and they provide the means for the economy to work smoothly. Visa's core business is a credit card network, which means it provides the financial pathways to move money between shoppers, partnering banks, and merchants. Buffett loves financial stocks.

Banks 246

Banks Accounting Shareholders Portfolios 246

The Motley Fool

OCTOBER 11, 2024

That's when it became a bona fide bank, but with the experience and assets of an established auto loan giant. Today, it's the largest all-digital bank in the U.S. bank by assets. bank by assets. The Federal Reserve just lowered interest rates, and that's good news for banks. Why this bank? at today's price.

Banks 246

Banks Assets Shareholders Portfolios 246

The Motley Fool

OCTOBER 25, 2024

However, Bank of America recently raised their price target on Nvidia from $165 to $190, which would translate into a 38% gain from current levels. That's why it won't be surprising to see the company maintaining a strong share of the AI chip market as Bank of America analysts predict.

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Banks Accounting Stock Market Stock Market 246

The Motley Fool

NOVEMBER 16, 2024

With the recent sales of Apple and Bank of America stock, American Express has jumped to the second-highest position in the portfolio at 14.8%. It has some elements of a bank stock , including the large cash stockpile that Buffett loves, but it has a differentiated business that targets a resilient, affluent customer base.

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Initial Public Offering Banks Accounting Debt 246

The Motley Fool

OCTOBER 10, 2024

This ancient market was ready to skyrocket In decades past, the Latin American banking market was behind the times. But because these banks had the resources to run thousands of physical branches, they were able to keep a stranglehold on consumers. At the time, only a few banks dominated 90% of Brazil's banking sector.

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Initial Public Offering Banks Financial Services Companies 246

The Motley Fool

NOVEMBER 7, 2024

Nu Holdings (NYSE: NU) is a digital bank in Latin America that stands out for its blazing growth and enormous opportunities. A power player in Latin America's banking sector Latin America is a large region stretching from Mexico to the southern tip of South America. About 56% of Brazil's adult population banks with Nu.

Banks 244

Banks Financial Institutions Accounting Financial Services 244

The Motley Fool

NOVEMBER 9, 2024

But after its additional large sales of Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC) stock in the third quarter, one logical conclusion is that Buffett expects a market correction. American Express earlier this year leapfrogged Bank of America as the conglomerate's second-largest equity holding and now makes up 14.5%

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Conglomerates Hedge Funds Banks Stakes 245

The Motley Fool

OCTOBER 18, 2024

His investment vehicle, Berkshire Hathaway , owns a number of insurance and bank stocks. At its core, Nu is a banking platform. Why Nu could be a lucrative opportunity Financial services and online banking may seem second nature for many people. In Latin America, digital banking is still an emerging product.

Exchange-Traded Funds 246

Exchange-Traded Funds Hedge Funds Banks Financial Services 246

The Motley Fool

OCTOBER 28, 2024

The tech-enabled banking platform continues to grow at a healthy pace, and it's turning the corner financially. Disrupting the banking industry SoFi is a financial services provider, but it doesn't own or operate any physical bank branches. SoFi has positioned itself to succeed in a hyper-competitive banking industry.

Banks 246

Banks Prospects Financial Services Leveraging 246

The Motley Fool

OCTOBER 17, 2024

See, Nu is an online banking name only serving Latin America. Online banking -- mobile banking in particular -- is an obvious choice. To this end, Mordor Intelligence believes Latin America's online banking market is on pace to be worth $2.1 consumer isn't familiar with it. And for good reason. billion by 2029.

Banks 243

Banks Stakes Prospects Companies 243

The Motley Fool

NOVEMBER 7, 2024

Bank of America The arguments against owning Bank of America (NYSE: BAC) right now are plentiful. Chief among them are a tepid economy and falling interest rates, both of which work against banks ' bottom lines. The Motley Fool has positions in and recommends Bank of America. At a forward-looking yield of 8.7%

Banks 246

Banks Prospects Shareholders Funds 246

The Motley Fool

OCTOBER 21, 2024

Buffett also sold shares of his favorite bank stock, Bank of America. At current stock market levels, Berkshire's sales of Apple (and, to a lesser extent, Bank of America) look like a mistake, but Buffett is known for his contrarian thinking. Jeremy Bowman has positions in Bank of America. Was it a mistake or a warning?

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Conglomerates Banks Stakes Taxes 246

The Motley Fool

NOVEMBER 12, 2024

sold a lot of its top stocks -- including Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC) -- to boost its cash holdings to record highs. American Express is a bank, payment processor, and card issuer, and it backs its cards with its own balance sheet. In other words, it's a reliable evergreen stock for bull and bear markets.

Investing 238

Investing Stakes Banks Accounting 238

The Motley Fool

OCTOBER 30, 2024

Quite simply, the creation of a completely decentralized, peer-to-peer digital currency outside the control of sovereign nations and central banks is a stunning technological achievement. Bitcoin has an inherent scarcity that fiat currencies issued by central banks simply do not have. Image source: Getty Images. Is Bitcoin a buy now?

Banks 245

Banks Debt Assets Investors 245

The Motley Fool

OCTOBER 12, 2024

The pitch was simple: Latin America's banking sector was stuck in the Stone Age. A handful of powerful banks had been around for decades -- or even centuries -- and still offered basic services at high prices. The banks weren't interested in shaking up the industry, but consumers were begging for an alternative.

Hedge Funds 245

Hedge Funds Banks Financial Services Accounting 245

The Motley Fool

NOVEMBER 8, 2024

After selling more of Berkshire's equity portfolio, including massive portions of its stakes in Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC) , the company ended the third quarter with a record $325 billion in cash and Treasury bills on its balance sheet. That's up $48 billion from the previous quarter. He sold $9.6

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Investors Stakes Banks Taxes 246

The Motley Fool

NOVEMBER 16, 2024

Image source: Getty Images Debit cards are one of the marvels of the modern banking industry. Debit cards are tied to your bank account If your debit card information is exposed in a data leak from an online retailer, the money in the bank account it's tied to is at risk. Here are a few reasons why.

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Banks Liabilities Debt Financial Services 246

The Motley Fool

NOVEMBER 4, 2024

SoFi isn't your typical established bank. It's an all-digital bank with high growth rates and little net income, which is an anomaly on the bank scene. However, buy it for the long-term opportunity as it captures market share and disrupts traditional banking. No, it was interest rates. Then you’ll want to hear this.

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Banks Financial Services Investors Returns 246